Traditional IRA contributions can be tax deductible or partially tax deductible based on MAGI. In 2014, an individual with a MAGI of up to $70,000 is eligible for at least partial deductibility. There are no income limits on who can contribute to a traditional IRA.
When the water heater breaks / leaks whatever the pressure tank is going to loose pressure telling the pump to come on and the pump will run continually as it can not build pressure to shut it off.
If the electric water heater was working fine, then the breaker keeps tripping, the worse thing you can do is install a larger circuit breaker. you will cause a fire and burn your house down.Ok now what is causing the breaker to trip? A leak inside the water heater may be dripping on to the wires. this can be very dangerous Make sure the power is off before you remove the element covers, and remember MOST BREAKERS ARE MARKED WRONG, do not trust that they are marked correctly this can cost you your life.